Sean Turnell spoke to Myanmar Times about the impacts of a freely traded kyat., Business and Economics, Macquarie University

Sean Turnell spoke to Myanmar Times about the impacts of a freely traded kyat., Business and Economics, Macquarie University

Created: 30 Jul 2013

Sean Turnell

Publication: Myanmar Times
Title: Volatility likely after govt loosens grip on kyat
Date: 29 July, 2013

Excerpt:

Sean Turnell, an economics professor at Australia’s Macquarie University, described the move as “good policy”.

“There are risks of course,” he said. “The banks will have to develop hedging and other strategies against exchange-rate movements and other market volatilities. But this is not ‘rocket science’,” he added. “After an initial adjustment period they should be able to cope fine.”

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